Boston, MA -- (SBWIRE) -- 09/18/2014 -- We are maintaining our short- and long-term forecasts for the Thai power sector this quarter as key factors supporting our forecasts remain in play. We note the Thai government is in the midst of revamping the privileges and regulations for the renewable energy sector, which is in line with our positive outlook for the sector.

We are maintaining our 2014 electricity generation growth forecast for Thailand at 2.9% this quarter as key factors supporting our forecasts remain in play. The largest source of generation growth in the year will come from thermal generation, followed by non-hydropower renewable generation. We are also maintaining our long-term forecasts for the Thai electricity sector this quarter and forecast generation to grow an average of 3.6% per annum between 2014 and 2023. Growth will be primarily driven by non-hydropower renewables generation and coal-fired generation as we see limited scope for growth in gas-fired generation.

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Key T rends A nd Developments

- The Thai government updated its green energy agenda in March 2012 with the ambitious 'Alternative Energy Development Plan' (2012-2021). The plan states that 25% of total energy consumption will be derived from alternative energy sources and has set targets of 2GW of solar capacity, 1.2GW of wind capacity and 3.63GW of biomass, all by 2021.
- On July 16 the Thai government introduced a Feed-in Tariff (FiT) programme for up to 1,000MW of rooftop and village-based solar projects. These projects will qualify for 25-year power purchase agreements with tariffs as high as THB9.75/kWh.
- Construction on the controversial Xayaburi Dam has restarted, despite opposition from Vietnam and Cambodia. The Thai government also confirmed a power purchase agreement for 95% of the dam's electricity output in January 2012, going against the regional decision-making process.
- The head of Thailand's military junta, General Prayuth Chan-ocha, initiated major reforms in the country's Energy...

The Thailand Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Thailand Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

- Use BMI's independent industry forecasts for Thailand to test other views - a key input for successful budgeting and strategic planning in the power market.
- Target business opportunities and risks Thailand's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Thailand
- Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector, and within the broader political, economic and business environment.

Regional Overview

The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.

BMI Industry Forecasts

The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:

Electricity Generation forecasts for Thermal, Coal, Gas, Oil, Nuclear, Hydro and Non-Hydro Renewables. For this section, we provide information on electricity generation (TWh), % growth year-on-year, KWh per capita, and the % of total electricity generation. The thermal fuels (coal, gas and oil) also have figures for their % of total thermal electricity generation.

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